Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Significant Drop in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 18,911 shares, a decline of 17.4% from the February 12th total of 22,900 shares. Based on an average daily trading volume, of 43,304 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,304 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of RSPU. Dakota Wealth Management grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 0.4% in the 4th quarter. Dakota Wealth Management now owns 32,593 shares of the company’s stock worth $2,437,000 after buying an additional 136 shares in the last quarter. Advisory Alpha LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.5% in the 4th quarter. Advisory Alpha LLC now owns 10,721 shares of the company’s stock worth $802,000 after buying an additional 159 shares during the last quarter. Stifel Financial Corp raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.6% during the 4th quarter. Stifel Financial Corp now owns 25,894 shares of the company’s stock valued at $1,936,000 after buying an additional 159 shares in the last quarter. Joseph P. Lucia & Associates LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.4% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 7,172 shares of the company’s stock worth $536,000 after acquiring an additional 167 shares during the last quarter. Finally, American Trust lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.4% during the 3rd quarter. American Trust now owns 14,315 shares of the company’s stock worth $1,097,000 after acquiring an additional 191 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

NYSEARCA RSPU traded up $0.49 during trading on Monday, reaching $83.47. The company’s stock had a trading volume of 48,179 shares, compared to its average volume of 45,514. The firm has a fifty day moving average of $79.06 and a 200 day moving average of $77.33. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $62.64 and a one year high of $84.52. The stock has a market capitalization of $549.23 million, a PE ratio of 18.42 and a beta of 0.61.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.